Vopak Development Canada Inc., a wholly-owned subsidiary of Royal Vopak, is investigating the opportunity to construct, own and operate a new bulk liquids storage facility in Prince Rupert, British Columbia (BC).
Vopak Pacific Canada (the Project) is proposed to be located on industrial-zoned land on Ridley Island within the lands and waters under the jurisdiction of the Prince Rupert Port Authority (PRPA). The site benefits from direct railway access and ample deep water access to the Pacific Ocean. The purpose of the Project is to provide berthing and loading facilities for bulk liquid cargo. Canadian products such as methanol, diesel and propane are largely landlocked and in need of enhanced market access. Due to the shortage of market access many products cannot reach international markets, where there is a strong demand. The Project provides much needed tidewater access to global markets around the world. Methanol, for example, is in high demand in China for use as fuel additive and manufacturing. Diesel and gasoline are used for transportation (cars, boats and trucks) and propane is used for heating or other industrial applications.
The Project is expected to store Liquefied Petroleum Gas (LPG), Clean Petroleum Products (CPP) (i.e. diesel and/or gasoline) and methanol. All products will be transported from BC and Alberta to the Project via the existing Canadian National Railway line. Customers of Vopak will be responsible for bringing the product to site and for shipping the product from the jetty to markets around the world.
The Project will include the construction, operation and decommissioning of the bulk liquids storage facility, including a jetty. Vopak will build the Project and manage the day-to-day operations of the facility. The facility will operate 24 hours per day, 365 days per year.
Following regulatory approval, a two-year construction period is expected.